family from chicago who are worth four billion dollars they are the largest stockholders of general dynamics and they gave barack obama five hundred thousand dollars in campaign donations when he ran for president in two thousand and eight they were part of the major contributors a major organizers for the obama campaign in that race for the presidency so he owes them and his efforts now to put these missile defense systems to surround russia and china are part of a payback i believe to the crown family general dynamics the twists and turns of all this what's this doing for the much vaunted reset button that was pressed by came in and at the end of the day when do you think this is all going to be finally done and dusted and sorted out either which way. i think the reset button was always public relations by the obama administration trying to mollify people around the world specially in europe the american people as well while at the same time coming forward with this very aggressive program i see a continuation of this aggressive and circumvent both russia and china i don't see any letting

general dynamics and northrup grumman fell about 2% each. sales for general dynamics and northrup fell short of forecasts. another company coming under pressure over government spending is thermo fisher scientific. it makes medical instruments. after meeting profit expectations, the company slashed its outlook. shares fell 9%. that pushed the stock down to a new 52-week low intraday today. energy was the strongest sector today, with big oil stocks heating up. hess jumped almost 3% despite a drop in quarterly earnings, partly because of the violence in libya. exxon mobil added more than 2%. exxon earnings are due tomorrow. conoco phillips was up almost 2%. we saw shares of independent refiner valero shoot higher, rocketing up 15% on heavy volume. the trading was fueled by press reports valero may be a buyout target. after the bell, internet traffic-measuring firm akamai turned in profits one penny better than estimates. the firm's outlook was optimistic for the first time in several quarters. it has been a difficult year for akamai shareholde

eleven lockheed martin seven hundred million dollars boeing one point nine billion dollars and general dynamics six hundred and fifty two million but with a congressional supercommittee stuck in gridlock and the prospects of a trigger of facts coming closer to reality are starting to hear some cries of despair take for example a report out this week i'll be half of the aerospace industries association the report states that if the fence cuts reach a trillion dollars one million jobs will be lost and not just that but it would quote devastate the economy and defense industrial base and undermine the national security of our country sounds like they've been spending some time for defense secretary leon panetta who called the trigger effect a doomsday mechanism but let's say the trigger does happen is that report anywhere near the truth or discusses lawrence korb senior fellow at the center for american progress or and thanks so much for being here tonight nice to be with you what you say i mean is this report on one hand if a trillion dollars were to be cut from defense yes that's a lot of money

. >> well, chris, because i think the dynamics in generalness from having helped president obama in 2008, the dynamics of a primary are very different than the political dynamics of the general public or general electorate. a flat tax is a very popular idea in many physical kag conservative circles, and i think the attitude is, chris, and you can -- you probably do disagree, but i think the attitude is you've got to win the republican nomination before you worry about running in the general election. now, president obama certainly if rick perry is the nominee will i think make the argument that this flat tax is ultimately regressive, rewards the wealthiest among us, but i think rick perry's point, if he was in all candor and could speak, you know, honestly. >> intelligently. >> look, i've got to win the republican nomination before i worry what barack obama is going to say about me. >> i grew up with -- relatively conservative parents who voted as if they were rich and they weren't. they were what we call cloth coat republicans, weren't mink coat republicans. there are people out there t

in the core part of the supplier base, these are the lockheed, martins, boeing, general dynamics, they represent the jobs we have in our districts today and in many cases they're in some of the most underrepresented areas. this where is the core questions about dod acquisition processes. how difficult is it, how much overhead burdens are we putting on them with unneeded processes and others. the call for strategy and focus that mr. wason and mr. daney called for is going to be absolutely critical. they can figure their way out as long as they know where we're going in the absence of a strategy, it becomes too ease to sit there and say, just like they did in the 1990s, this is too difficult go home or go somewhere else. great example. and defense is a small market for some of these. we went through untold pain related to tanker program. over 160 airplanes in. in the end that represents ten weeks of production for boeing and airbus. so keeping nat mind. the legacy one is the most complex because it represents core capability, tanks, sub marines, space launch. we have an advantage but dow

generations. testaments of my culture. visible, strong, dynamic, alive, alive. a committee that pulsates with art, celebrations, and the festivities, throbbing, breathing, reemerging. collaborate for recognition, protection, commemoration. these are the traits and of my streets. these are my streets now in the streets and leave behind for my children tomorrow. my legacy, our legacy. these are the streets of south of market. beating, breathing, my heritage. beating, beating with the heart of the filipino. ♪ >> [inaudible] and working closely with us and the community in developing the social heritage district proposal and providing direct assistance to u.s. and educating residents and the broader community about this process. for reaffirmation tables with the literature at our neighborhood affairs. our work together with san francisco planning continues as we prepare to get a community challenge grant for appropriate cultural pieces to be integrated into the design. last, we have a citizens committee which was established in june 2010 with eight members. thank yo

it was economy if it didn't happen we wouldn't have dynamism the economy in general has when it comes to banks that happens when their own small style with their non-systemic in it will do exactly the same thing that's regular out of the prada uses you'd know if a new cycle of banks that have been shut down for mortgage or various religions in america. we stop doing it when it becomes systemic and that's the trouble because we get to systemic problems what's caused the level of debt in the first place we have to say ok businesses them excel you have to do that at a systemic level and then write it off but do not lose that the deposit is lose their money the big mistake for the right to question was living that a lot of those in those banks so you just heard a lot of them talk to others money with them and that's why the process was so deep back then one of the reasons has been so deep this time around so we have to fundamentally abolish large parts of the dish behind the money that was created by the banks in the last twenty or thirty years but fundamentally financed ponzi schemes wro

innovating builders in northern and southern california, providing general contracting, a complete management services in california's most dynamic markets, helping top companies and institutions developed landmarked structures and quality interior spaces throughout the bay area, a silicon valley, and southern california. you will recognize many of the court just landmarks like getty center, a transamerica pyramid, the symphony hall, mission bay, and on and on. we congratulate them. thank you to the president and ceo. and the coo. all so very involved in so many of the big, big projects and significant future projects in the bay area is smithberger architects. we want to thank jim, who is healthcare practice leader for the firm, and smith group is at work for the future construction of san francisco, including the medical center, institute for regenerative medicine, the cardiovascular -- these are some just completed cardiovascular research buildings, and honored as one of the best architecture firms in the u.s. by "architect," indymac is dean of the architects in america. senior living, higher education, research facilities, and

is done by defense contract jerseys means you probably would recognize, like lockheed martin, general dynamicsowing, saic, the really big defense contractors who saw in 9/11 -- quickly saw how the world was going to change from one where steel and hardware we conquer the enemy to where information was what you need it and how you move information around the world quickly would really win the day. and so all of those companies refashion themselves quickly to become -- to serve that purpose. and they did it so fast and so affect really that they were far ahead of the government. and so they could get into this realm. the drone strikes, for instance, do you blog with so much about, that have killed a lucky, that have killed hundreds of terrorists or suspected terrorists around the world, including in countries where nowhere with, those drones could not fly without contractors. they are dealt, maintained, operated. the information they did is transmitted back all in the hands of contract years. a mob as contractors -- most of them sit in the united states or to please to military calls the sanctua

dynamically score it. they don't take into account generation of revenue that would come from simulating the economy so dramatically. >> this is laffne's point but this is speculative. if you look at the facts the way they stand it doesn't carry water. if you look at the plan, the virtue of the 9-9-9 plan in addition to branding involved from a businessman. >> bret: spirit airlines has already taken it. >> i love that part of it. if you look at that part, people say to me all the for my criticism of it, it's simple and coherent. i understand it. it's something to me that speaks of conservative virtues very centrally. i like him. and i like it for that point. >> bret: chuck? >> i agree with juan in the sense i think it's terrific politics. it's easy to understand. attractive and so forth. i have to say i have a lot of questions about it. i've been jotting them down as we talk. eliminate the payroll tax. that means the social security is no longer a social insurance program? it's a pure welfare program to be funded out of current general revenues. what about that? what does herman cain say about that? ditto for medic

it has been augmented of late with the ability to dynamically spinoff new instances of server applications in response to spikes in demand. the general concept called cloud bursting allows you to do that across multiple cloud vendors, so you could do it across amazon and various other people say you could get geographic diversity and so on. people doing this extremely well, for example, would be netflix. many of you in this room i'm sure use the netflix. what they did is dynamically throw what is this is as more and more people click on movies that they want to watch. so then what they are doing is as the need scales, they then have the ability -- they pay them, and, of course, it drops off as soon as the need drops off as well. so they end up essentially paying for average demand. the technology is widely deployed around the world. >> as kind of a follow-up, individuals often use cloud services for backing up their computers. are we about to see people using their computers to back up their clout services to guarantee that they hold on to their data? >> you are at the tip of a very interesting iceberg. go 100,000 miles in space and

many began embracing a single vision led by a group of dynamic past general presidents that are here. all brothers of alpha phi alpha stand so that he might be recognized and so that we can link the world for their -- you might be recognized and so that we can thank the world for their support of this great moment. thank you. you may be seated. alpha phi alpha joined with fraternities across the country, federal and local government, people all around the world, all around a common goal, to build a monument celebrating our borther as brother as a civil rights leader. we knew that our long-held vision would be realized. thank you to all of you who have helped us to arrive here today. thank you, mr. president. thank you, secretary salazar, for your signature. it is my honor, my privilege, and my pleasure, to introduce to you the honorable kenneth salazar, secretary of the interior. [applause] >> thank you, skip. good morning to all of you. on behalf of president barack obama and the united states department of the interior, i am humbled and i am honored to celebrate with you the birth o

generation is not one we can afford to pay. let's make today a day we squeeze the value from walking. when we leave today, we must walk the talk. our dynamic panel that will get engaged on this topic for today's topic. guns and violence, what's working, what's not. first we have mrs. smith. she's's senior advisor to mayor gavin newsom. david onick. malik senfero. director of bay view safe haven. children youth and families. cheryl davis. momagic. last but not least, we have jenay. >> we have tyre and then we have cheryl. john. i have a question for you. i hear there's a summer school safety plan that started in may 2007. >> they were 4 partners that collaborates on looking at summer school sites. the 4 were the mtap with muni, the youth services with san francisco police department and the security guards through the san francisco unified school district and d.c. yf. we rolled out responsibilities and it was within the scope of work we were doing and to form what that looked like. they are going to be the primary lead but have support of m tap to deal with interventions outside the perimeter the school. and the police department was a supp

have an educational system that produces a dynamic, productive workforce so they understand that they have to participa participate. >> you are being generousards republicans, but allow me to play you this. here's paul ryan laughing off the idea of any shared sacrifice by the wealthiest 1%, including even a modest tax hike. listen to this. >> it this so-called tax increase would actually constitute a huge tax hike on the nation's most successful small businesses. the good news is that according to the obama administration the rich will pay for everything. the bad news is that according to the obama administration, you are rich. >> what's your reaction to mr. ryan? >> i think mr. ryan like the rest of the republicans, there is something in the water that they are drinking. it has to be. >> is this a drug? >> i don't know what it is, but the things they say, it really doesn't make any sense at all. the things that concern our nation doesn't even get on the agenda. we are talking about a deficit. we are talking about unemployment and we are talking about health care and talking about disparity. most of all we are talking about hope. that's wha

pretty surprised that within, you know, some general range of accuracy, we were able to find the lines. >> and what did you learn -- what would be the dynamice more gravitational pull, i guess, on the end of a stick? is that what that is? because there's water in the ground? if that's, in fact, what's going on? >> yes. there are a number of explanations for dousing, and electromagnetic pipe of connections between the douser and the source is one explanation. where it gets really strange is when you talk to dousers who do off-site dousing. in that case, what you're dealing with is a dowser can be any distance from a target and he or she is using a map and a pendulum to allegedly find the source of water. they're not even there at the site. so if that information is reliable, and i'm not saying it necessarily is, but if we take that into consideration, we're no longer in the realm of things like electromagnetism, we're more in the realm of psychic phenomenon. >> and at the end of the day, what is your explanation of the appetite for the paranormal, for the open space in the minds of people, in this case, they say, 75% of americans, but i thin

dynamic process. so, the candidates haven't fully engaged yet. governor perr impressive in these debates and i think there is a general consensus about that, he just introduced a, what he called a jobs plan, it was >> tom: energy plan basically a xeroxed copy of the oil lobby's wish list for america. but nontheless a lot of resources and he and his career has shine penchant for going hard after his opponents and i think if i were governor romney i'd be worried about all these changes in position and how that, what kind of message that sends to voters, not just on republican side but throughout the electorate. >> president obama's chief campaign strategist david axelrod. find more of the interview at abc news news.com/thisweek. bring in our roundtable, george will, republican strategist mary matalin, "the washington post" columnist ruth marcus and abc scene i don't remember political soernt jonathan karl. welcome all of you. so, george, you saw that axelrod came down on romney like a ton of bricks. this is the man they think the nominee? >> clearly andy war whole primary where everybody is leader for 15 minutes and cain's turn today but it's not cl

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is more than a generational opportunity to alter the basic imbalances or structures in american life, and what's interesting is that i think obama, and he talks about i want to be a dynamic leader at the end of the book, but what he doesn't take into account, which i think is right to your point, is you're not going to come up with a clear brilliant pristine integrated solution in the policy shop and unvail it and convention, especially, republicans, you know, that that's brilliant, and i'll follow you. it's like the upton-sin claire thing. i don't get it right, but they'll continue to oppose you. it's nothing personal, mind you, just the way it is, and obama, you know, still thinks he's so persuasive with beautiful solutions that they have to give. well, they don't. what is fore saken, what's not given credit is the dinism of leadership out of the axlerod and others saying get out there say this is what you want to do, fight, and don't flench, and what you see is the tumblers click, the plates under the surface shift and move, and that dynamic process is one that creates the opportunities of leadership. obama wasn't doing that, and ultimately, i think, he's from thed be

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is more than a generational opportunity to alter the basic imbalances or structures and american life. what is interesting is i think obama, and he talks about i want to be a more dynamic leader at the end of the book but what he doesn't take into account, which is i think right to your point, as you are not going to come up with a clear, brilliant pristine integrated solution and the policy shop and then unveil it and convince especially republicans that is it and i will follow you. is like the upton sinclair thing. i'm not going to get it right but they are going to continue to oppose you. it is nothing personal mind you. is just the way it is. obama thinks he is so persuasive and his solutions will be so beautiful that they have to give. well, they don't. what he has forsaken and what is not given credit is the dynamism of leadership. periodically ask axelrod and others are like, get out there. just say this is what you want to do and don't flinch. what you will see is the tumblers will click and the plates under the surface will start to shift and move in that dynamic process is the one that creates the opportunities of leadership. obama wasn't doing that an ultima

dynamic worst force. tonight we bridge to areas of public interest. it's a rare and wonderful thing for a historian to watch events our only speculate about a generation ago and finally come to pass more than three decades later. five years ago when i began my research into u.s. oil diplomacy in the 1970s, i was puzzled by references made in documents from 1976 that read like something out of a financial thriller. there was talk of a sudden increase in oil prices triggering a global financial crisis. the bankruptcy of countries in southern europe, international default crisis, double dip recession indiana state, unemployment over 9%, and the possible collapse of big banks on wall street. 35 years later, and here we are. global recession induced in large part by soaring oil prices, the bankruptcy or near insolvency of the countries in europe, bank failures and bailouts at home and abroad. the united states economy on the brink of a double-dip recession, unemployment over 9%. those who cannot remember the past are condemned to repeat it. we are certainly repeating it today. parallels between the earlier period that is the focus of my research and our ow

generation or going back to the '60s. we have to become more modern in understanding this is a very dynamic latino voting population.eing independent voters. maria's point on the tone on immigration and the fence is critical and i think we have to be sure that republican candidates are sensitive to how they talk about immigration. it is not the number one issue, but it is a lens by which latinos look at the gop in general. >> back in 2004 when bush got about 40% of the latino vote, what did he do that the these republicans are not doing? maria? >> well, first of all, the first thing he brought up when he was elected in 2000 was the immigration issue of all republicans. he was actually on the right side but, clearly, what we saw is that he could not get the right wing of his party to come along with that change. then what he also did very well is he actually spoke to latinos. he ran ads on telemundo and the other latino-speaking networks and prints and radio. he actually went to latino gatherings and spoke to them. what is this gop group doing? the last thing that i heard is that they were actually boycotting an impo

dynamically. it will boost this economy right now this economy is on life support. this is why we put a bold solution on the table rather than another generation of the current tax code. >> so in the fair tax, they have a pre-paid with a forgive the tax for a basic poverty level of consumption. but you prefer an enterprise, and empowerment approach to pursuing fairness to i wonder if you talk a little bit about i guess first the technical details which would be if you go to a fair tax any end, are you going to have the same fairness approach that you now with 9-9-9? but also more general about the government's role. >> right. you're right, we will start the dialogue, not going to start that dialogue early. i want people to stay focused on 9-9-9. in 9-9-9 here's how we approach assisting the goals, assisting those that are making a significant amount of money. 9-9-9 collects the same amount of revenue that we now collect from corporate income tax, personal income tax, capital gains tax, death tax and payroll tax. which is the biggest tax that a lot of people pay. so we are converting five into three. now, if someone were to read the entire anal